VerifiedX Deploys Mainnet Upgrade Adding Reversible Vaults for vBTC

Layer-1 blockchain VerifiedX deployed its Mainnet 9.0.0 upgrade on Nov. 5, launching an updated recovery Vault system designed to curb theft of its Bitcoin-pegged asset, vBTC ¹. The protocol allows tokenholders to configure a custom time delay before outgoing transactions finalize, during which users can cancel a transfer and redirect the funds to a pre-assigned recovery address ¹.

According to VerifiedX, the cancellation mechanism is enforced directly by network consensus rules rather than a centralized custodian ¹. The delayed-settlement architecture also extends to the network's native $VFX token and other minted assets, alongside options for time-locked transfers scheduled for specific dates ¹. Jay Pollak, head of strategy at VerifiedX, stated in a release that the digital asset industry has traditionally assumed that security measures end once an attacker gains transfer authority, a design choice he argued is inadequate for securing trillions of dollars in value ¹.

Direct Bitcoin Verification

The update follows the Oct. 29 exploit of Binance, in which attackers drained approximately $6.4 billion across 10 blockchains, according to TRM Labs ¹. While stablecoin issuers frozen roughly $2.7 billion, more than 18,000 $BTC taken during the incident could not be frozen, with TRM Labs attributing the activity to North Korea's TraderTraitor group ¹. At the time of writing, Bitcoin traded at $79,551.

VerifiedX stated that its mainnet architecture requires six confirmations on the Bitcoin network before processing linked actions ¹. Rather than depending on third-party oracles or off-chain attestations, VerifiedX validators operate individual Bitcoin light clients to inspect block headers and verify proof-of-work state directly from Bitcoin UTXOs ¹.